Discover Financial Services (DFS)

NYSE: DFS · IEX Real-Time Price · USD
133.54
+0.59 (0.44%)
Jul 2, 2024, 4:00 PM EDT - Market closed
0.44%
Market Cap 33.46B
Revenue (ttm) 9.92B
Net Income (ttm) 2.20B
Shares Out 250.60M
EPS (ttm) 8.80
PE Ratio 15.18
Forward PE 11.47
Dividend $2.80 (2.10%)
Ex-Dividend Date May 22, 2024
Volume 1,100,248
Open 132.94
Previous Close 132.95
Day's Range 132.01 - 133.71
52-Week Range 79.04 - 133.78
Beta 1.41
Analysts Buy
Price Target 129.06 (-3.35%)
Earnings Date Jul 17, 2024

About DFS

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checki... [Read more]

Industry Credit Services
Sector Financials
IPO Date Jul 2, 2007
Employees 21,100
Stock Exchange NYSE
Ticker Symbol DFS
Full Company Profile

Financial Performance

In 2023, DFS's revenue was $9.84 billion, a decrease of -9.99% compared to the previous year's $10.93 billion. Earnings were $2.86 billion, a decrease of -33.29%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for DFS stock is "Buy." The 12-month stock price forecast is $129.06, which is a decrease of -3.35% from the latest price.

Price Target
$129.06
(-3.35% downside)
Analyst Consensus: Buy
Stock Forecasts

News

‘Trump' Stocks Are Rising: Banks, Managed Care, Steel

After a shaky debate performance from President Biden, stocks that could be winners in a Trump presidency are rallying Friday. Green energy stocks are lower.

Other symbols: CLFCOFLYVNUEXLEXLF
4 days ago - Barrons

Discover Financial Services Announces Second Quarter 2024 Earnings Release on July 17, 2024, and Conference Call on July 18, 2024

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its Second quarter 2024 results after the market closes on Wednesday, July 17, 2024. The earnings release wil...

5 days ago - Business Wire

Carlyle, KKR win auction for $10 bln student loan book from Discover Financial, FT reports

Carlyle and KKR & Co won an auction for a $10 billion student loan book from Discover Financial , the Financial Times reported on Wednesday, citing people familiar with the matter.

Other symbols: CGKKR
6 days ago - Reuters

Carlyle, KKR competing for Discover's $10 bln US student loan portfolio, FT reports

Private equity firms Carlyle Group Inc and KKR are among the final bidders for a $10 billion U.S. student loan portfolio from Discover Financial , the Financial Times reported on Thursday.

Other symbols: CGKKR
12 days ago - Reuters

Discover® Global Network and NETS Collaboration Expands Singapore Acceptance

RIVERWOODS, Ill. & SINGAPORE--(BUSINESS WIRE)--Network for Electronic Transfers (NETS) and Discover Global Network have launched their strategic agreement, signed in 2022, in an event with executives ...

14 days ago - Business Wire

Discover's Pulse Network Settles Antitrust Suit Against Visa

Discover's Pulse Network has settled a 10-year-old antitrust suit against Visa. Pulse had accused Visa of preventing competition in the debit card network services market, thus raising fees for mercha...

16 days ago - PYMNTS

Visa settles Discover unit's antitrust lawsuit over debit card network

Discover Financial Services unit Pulse Network has agreed to settle a lawsuit in Texas accusing Visa of obstructing competition in the multibillion-dollar debit card network services market, causing m...

Other symbols: V
18 days ago - Reuters

Discover® Global Network Study Shows 85% of Consumers are Less Likely to Interact with a Business Due to a Poor Payment Experience

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Global Network®, a leading global payment network, released the first portion of the 2024 Payment State of the Union (PSOU), one of the most comprehensive s...

4 weeks ago - Business Wire

US banking regulators announce July 19 public meeting on Capital One-Discover deal

A pair of U.S. banking regulators announced on Tuesday they would be hosting a public meeting on July 19 to solicit input on the proposed acquisition of Discover Financial Services by Capital One Fina...

Other symbols: COF
7 weeks ago - Reuters

DISCOVER FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Discover Financial Services - DFS

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Discover Financi...

Other symbols: COF
7 weeks ago - Business Wire

Amid High Interest Rates and Inflation, American Homeowners Would Rather Renovate Than Buy a New Home

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Home Loans recently conducted a survey to determine Americans' intentions for their homes, and whether they are choosing to renovate their current property ...

2 months ago - Business Wire

As Card Charge-Offs Grow, Capital One Champions ‘Singular Opportunity' of Discover Deal

Capital One's first quarter results showed consumers continue to spend on their cards — and management touted the benefits of the proposed $35 billion buyout of Discover Financial Services. Purchase v...

Other symbols: COF
2 months ago - PYMNTS

Capital One-Discover merger comment period extended by Feds in move seen as routine

A comment period extension for the blockbuster $35 billion acquisition of Discover Financial Services by Capital One Financial Corp. isn't a signal that the deal will be spiked for being anti-competit...

Other symbols: COF
2 months ago - Market Watch

U.S. bank regulators extend comment period on Capital One-Discover deal

U.S. bank regulators announced Wednesday they were extending the comment period on Capital One's bid to acquire Discover Financial to allow more time for feedback.

Other symbols: COF
2 months ago - Reuters

Discover Financial: Inflation Is Pressuring Lower Income Consumers

The $35 billion deal for Capital One to buy Discover Financial Services remains on track. And in a truncated first-quarter earnings call — where the usual question-and-answer session was not part of t...

2 months ago - PYMNTS

Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): First Quarter 2024 Results   2024 2023(1) YOY Change Total loans, end of period (in billions) $126.6 $112.7 12% Total revenu...

2 months ago - Business Wire

Up 8% YTD, What To Expect From Discover Financial Stock In Q1?

Discover Financial (NYSE: DFS) is scheduled to report its fiscal Q1 2024 results on Wednesday, April 17, 2023 (after market close). We expect Discover Financial to edge past the consensus estimates of...

2 months ago - Forbes

Discover and Google Cloud Develop GenAI Tools for Contact Centers

Discover Financial Services has collaborated with Google Cloud to provide generative artificial intelligence (AI) tools to Discover's contact center agents. The rollout of the GenAI tools began in ear...

3 months ago - PYMNTS

Discover Financial Services Deploys Google Cloud's Generative AI to Transform Customer Service

Nearly 10,000 customer care agents will be empowered with AI-driven capabilities, leading to faster resolution times and better customer experience RIVERWOODS, Ill. , April 9, 2024 /PRNewswire/ -- Clo...

3 months ago - PRNewsWire

Discover Financial Services Announces First Quarter 2024 Earnings Release On April 17, 2024, and Conference Call on April 18, 2024

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its First quarter 2024 results after the market closes on Wednesday, April 17, 2024. The earnings release wil...

3 months ago - Business Wire

Discover Financial CEO Michael Rhodes Resigns

Discover said Michael Rhodes is resigning as CEO and president of the company, shortly after taking over both positions. Rhodes has been tapped as CEO of Ally Financial.

3 months ago - WSJ

Discover Financial says CEO Michael Rhodes will step down

Discover Financial Services said on Wednesday its CEO Michael Rhodes will step down from his role, effective April 1, 2024.

3 months ago - Reuters

Discover CEO resigns to take top job at Ally Financial

Discover Financial Services DFS, +2.06% said Wednesday that it had accepted the resignation of Chief Executive Michael G. Rhodes, who is moving on to become CEO at Ally Financial Inc. ALLY, +1.61% Rho...

Other symbols: ALLY
3 months ago - Market Watch

New bank-merger regulations could be undone if Biden loses in November

A freshened-up review process for bank mergers, proposed by federal regulators, may only go into effect if President Joe Biden is re-elected in November, analysts said Friday.

Other symbols: COFNYCB
3 months ago - Market Watch

Capital One to Regulators: Discover Deal Will Increase Competition

Capital One says its planned $35.3 billion purchase of Discover will boost competition. That's according to a report Thursday (March 21) by Reuters, citing information shared by a source who had seen ...

Other symbols: COF
3 months ago - PYMNTS